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Nov 17, 2012
11/12
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when america goes over the fiscal cliff, the whole global economy suffers. and they will feel it here more than most. it does not have to happen. it threatens the britney side of recovery. >>> you are watching "bbc world news america. still to come on the program -- from the stage to the white house, led zeppelin get set for an audience with the president. what does guitarist jimmy page plan to say to barack obama? >>> austria has created the world's biggest marine park which restricts mineral exploration and fishing. duncan kennedy has all of the details. >> the area now covered it is bigger than saudi arabia. five zones around australia, from the coral sea in the north to the indian ocean in the west. massive stretches of open water, where fishing and drilling will be all but off-limits. >> we need to appreciate in the years to come we don't want people to only know the magnificence of the russians through aquarium's -- of the magnificence of their oceans. >> the most environmental groups say it is a maritime milestone. >> this is the world's biggest natio
when america goes over the fiscal cliff, the whole global economy suffers. and they will feel it here more than most. it does not have to happen. it threatens the britney side of recovery. >>> you are watching "bbc world news america. still to come on the program -- from the stage to the white house, led zeppelin get set for an audience with the president. what does guitarist jimmy page plan to say to barack obama? >>> austria has created the world's biggest marine park...
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Nov 27, 2012
11/12
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he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the president's proposing by punishing success. i think that would work far better. >> and you're saying revenue because by taxing the wealthiest americans, it cuts off what has been referred to as job creators from actually getting americans to work so we have more americans working that are then paying into the tax system. >> thomas, i'm one of those job creators, those small business people. i could have explained to him what's on the minds of job creators, the people that make those investment decisions and capital equipment, make the hiring decisions. he doesn't understand that because he's
he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the...
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Nov 24, 2012
11/12
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the fiscal cliff problem? >> i mean, part of what jim seems to be saying is that the economy is on not exactly a glide path but sort of already stumbling its way toward what needs to happen. and i always felt covering the campaign that that was sort of the dirty secret of both candidates' rhetoric was that neither of them really had a concrete achievable or constructive policy plan to move forward. it was really just sort of sit on your hands and hope things get better. pete: all right. thank you all very much. thank you. that will have to wrap it up for tonight. where leaving a bit early because it's pledge week. we like to think of it as giving you a chance to support your local pbs station. which in turn supports us. so be sure to check out our webcast extra. where we talk more about hillary clinton's last overseas trip. alongside president obama and what her future might look like. that's at pbs.org/washingtonweek. i'm pete williams. gwen ifill will be back around the table next week. on "washington week."
the fiscal cliff problem? >> i mean, part of what jim seems to be saying is that the economy is on not exactly a glide path but sort of already stumbling its way toward what needs to happen. and i always felt covering the campaign that that was sort of the dirty secret of both candidates' rhetoric was that neither of them really had a concrete achievable or constructive policy plan to move forward. it was really just sort of sit on your hands and hope things get better. pete: all right....
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Sep 12, 2012
09/12
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the economy takes such a big hit, it's called the fiscal cliff. moody's warn, if the current budget negotiations fail, moody's expect to lower the rating of the bills like rival standard & poor's did. led by mitt romney, republicans are focused on the defense cuts charging president obama is to blame even though republicans agreed to make them automatic if there's no budget dell. >> the president should be called upon, asked, what is his plan. how is he going to lead to make sure the military is not hollowed out. >> reporter: democrats have a plan. agree to tax the rich more. avoid the pentagon cuts. they say it's republicans giving up and adjourning next week. >> you are facing a catastrophe and don't have time to address it. >> reporter: democrats will, too. job one is getting reelected. i'm steve handelsman, nbc capitol hill. >>> it's finally here. today is the day apple ends the speculation swirled around the media event. they expect the company to debut the new iphone today. a launch that will have a significant impact on the economy. jay gra
the economy takes such a big hit, it's called the fiscal cliff. moody's warn, if the current budget negotiations fail, moody's expect to lower the rating of the bills like rival standard & poor's did. led by mitt romney, republicans are focused on the defense cuts charging president obama is to blame even though republicans agreed to make them automatic if there's no budget dell. >> the president should be called upon, asked, what is his plan. how is he going to lead to make sure the...
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Jun 24, 2012
06/12
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the cbo says if congress drives us off that fiscal cliff, gdp will shrink at 1.9%. the economy is growing now. they're talking about early next year, seeing the economy shrink again. this is important. it's very rare for the cbo -- uncharacteristic for them to come out and say something like this. fed chairman ben bernanke who tries hard to stay out of politics has been warning congress about trouble ahead in the economy if congress doesn't act as well. what makes it so scary is this is all happening in an election year. no one expects congress to deal with these big issues until after november 6th. we're also approaching the debt ceiling again. we could hit it as early as december. just another thing to add to congress's to-do list. all the while, ali, the bond market? interest rates are super low here, sort of giving cover to the urgency of all this as well. >> absolutely right. it is still cheap for the u.s. to continue borrowing money. christine, thank you. ken rogoff, even two years ago, people would have said, what are you panicking about? the election is in n
the cbo says if congress drives us off that fiscal cliff, gdp will shrink at 1.9%. the economy is growing now. they're talking about early next year, seeing the economy shrink again. this is important. it's very rare for the cbo -- uncharacteristic for them to come out and say something like this. fed chairman ben bernanke who tries hard to stay out of politics has been warning congress about trouble ahead in the economy if congress doesn't act as well. what makes it so scary is this is all...
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Nov 26, 2012
11/12
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they can't afford to let the economy go off the cliff we're all talking about. they can't afford to have $600 billion of fiscal contraction in this economy. >> so, you and ed seem to disagree about what they might get done but do you disagree on how to invest right now? he says you have to be fully invested here. >> we are fully invested. we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bond
they can't afford to let the economy go off the cliff we're all talking about. they can't afford to have $600 billion of fiscal contraction in this economy. >> so, you and ed seem to disagree about what they might get done but do you disagree on how to invest right now? he says you have to be fully invested here. >> we are fully invested. we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an...
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Dec 11, 2012
12/12
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stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and
stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i...
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Nov 26, 2012
11/12
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last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of the bush tax cu cuts. nothing has changed about the economy now but the economic growth projections are worse. this is not a great way to make good policy. >> kimberly: that is their campaign slogan. they don't make concessions. they have to do something serious about cutting back on spending. coming back in with the entitlement. without that, it won't make a difference if they raise taxe taxes. taking out the bush tax cuts won'tbe make it go away. >> eric: the food stamp recipients. the latest number. $47 million. more than alabama, connecticut, delaware. minnesota, nebraska. nevada. new hampshire. new mexico. north dakota, oklahoma, oregon, rhode island, south dakota,
last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of the bush tax cu cuts. nothing has changed about the economy now but the...
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economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real...
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Nov 17, 2012
11/12
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melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path of highers taxes higher regulation, more intervention, a lost folks are saying will i want to participate in a game that simply seems rigged? melissa: what would you do from here? a lot of people asked me before the election, if president obama is reelected won't the stock market go up. i said no, absolutely. everyone says it will go down and at is exactly what happened. i want to give them the same sage advice . what do you do? do you buy gold? do you maybe, maybe real estate now is starting to make a lot of sense. prices are very low. terest rates are very low. you have to invest in something you
melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path...
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Dec 10, 2012
12/12
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cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of state yesterday on "meet the press." he worries that the republican party won't stand a chance if clinton makes another run for president. >> she's a very formidable as a person and is a very confident person. she is married to the most popular democrat in the country. they both think it would be good for her to be president. that makes it virtually impossible to stop her for the nomination i think, and i thought she was frankly going to be a nominee in '08. every republican should be focused on what we're talking about. if their competitor in '16 is going to be hillary clinton and supported by bill clinton and barack obama, trying to win that will be truly the super bowl. the republican party today is incapable of competing at that level. >> strong words. while clinton has dozens of options when she leaves the state departmen
cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of state yesterday on "meet the press." he worries that the republican party won't stand a chance if clinton makes another run for president. >> she's a very formidable as a person and is a very confident person. she is married to the most popular...
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Sep 29, 2012
09/12
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lori: everyone is talking about this fiscal cliff that the economy is at risk for falling off. part of that includes the deep defense cuts. so concerned about these cuts, yet we are calling for additional regulatory costs. it is like again getting back to the priorities. these are troubling times. >> we have our priorities all wrong. the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our nation. that's a terrible idea. we are now finding a more and more about the sequester. the law says that if you're going to cut the defense spending and lay off workers the contractors have to give those workers 60 days' notice. that would have come before the election. conveniently department of labor says you don't have to send out those notices. today we found that the administration said that those same contractors guy if you don't send out a notice and get sued we will pay all legal costs. now the taxpayer is going to be on the hook for the compensation and legal costs because everyone will see
lori: everyone is talking about this fiscal cliff that the economy is at risk for falling off. part of that includes the deep defense cuts. so concerned about these cuts, yet we are calling for additional regulatory costs. it is like again getting back to the priorities. these are troubling times. >> we have our priorities all wrong. the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...
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Nov 9, 2012
11/12
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fiscal cliff, raising taxes in a slow economy. all of it is coming home to roost. >> mike, we had the president come out saying that he will veto any legislation that allows the tax cuts to be extended for the highest earners. is that what poured water on the rally? >> it didn't hurt. obviously, there was no breakthrough. i think the one thing to take away from today's action was the fever kind of broke a little bit in terms of the market really being hyper actively responding to every little knnuance. i think the market would have liked to see a little more affirmative suggestions that were going to come closer together. i don't think it was something that alarmed everybody, considering the height of panic that built up over a couple days. >> all right, guys. thanks so much. appreciate that. it has been a week to forget for the bulls. tough week after the election. courtney reagan wraps up the big losers and mixes in a few silver linings on the upside. court, over to you. i don't hear her. okay. courtney reagan, obviously her mic
fiscal cliff, raising taxes in a slow economy. all of it is coming home to roost. >> mike, we had the president come out saying that he will veto any legislation that allows the tax cuts to be extended for the highest earners. is that what poured water on the rally? >> it didn't hurt. obviously, there was no breakthrough. i think the one thing to take away from today's action was the fever kind of broke a little bit in terms of the market really being hyper actively responding to...
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Nov 18, 2012
11/12
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CNN
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economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white house, they were talking about getting a deal, if believe on the nick of time. >> we can do this and avert the fiscal cliff that is right in front of us today. >> we should have a deadline before christmas. >> high stakes deal making in the season of goodwill. the possibilities are endless. not all of them are good. senate majority whip dick durbin, and the house chairman tom price are next. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decon
economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white...
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Dec 11, 2012
12/12
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could avoid going over the so-called fiscal cliff. strength in tech stocks helped the markets early on in the session and apple saw soiled gains on reports of record sales at fox con and gave those back and markets paeced mid-morning. the house speaker john boehner made those comments and took the steam out of markets and then just before 2:30, the dow, the nasdaq and s&p all started to slide after senator harry reid's comment that it would be extremely difficult to get fiscal cliff legislation through the senate before economist mass. the markets settled higher and all three averages moving above the 50-day averages for the first time. >> if he doesn't feel we'll get a deal before christmas, what about before the end of the year? did you month's smars doubled under the leadership of el men coleman. global economic unserbs and a $1 billion stock buyback. we'll tell you what you need to know. back in a moment. s the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she'
could avoid going over the so-called fiscal cliff. strength in tech stocks helped the markets early on in the session and apple saw soiled gains on reports of record sales at fox con and gave those back and markets paeced mid-morning. the house speaker john boehner made those comments and took the steam out of markets and then just before 2:30, the dow, the nasdaq and s&p all started to slide after senator harry reid's comment that it would be extremely difficult to get fiscal cliff...
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Nov 24, 2012
11/12
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when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. 1, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. a
when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell...
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up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less than optimistic? joining me is john, and carl, senior economist for deutsche bank. gentlemen, thank you for being here. start with the treasury secretary. the man in charge of our treasury is out telling everyone that the administration he works for is a part of is perfectly prepared to go over the fiscal cliff in order to raise a tax rate to 39.6%. does that make any sense to you? are you shocked, surprised? >> well, i guess i'm not surprised given we're in the early stages of the discussion, but for the economists and forecasters out there calling this is the fiscal slope, not a cliff or believe it
up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less...
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Nov 26, 2012
11/12
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and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social securit
and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with...
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Dec 26, 2012
12/12
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economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exch
economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide...
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Nov 21, 2012
11/12
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KPIX
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federal reserve chairman ben bernanke is pushing for a compromise on the fiscal cliff. in a speech tuesday he said if president obama and congress can resolve the crisis unemployment would go down and the economy would grow. falling oil prices and an announcement that hewlett packard is taking a $9 billion write down. the dow lost just over seven points while the nasdaq was mostly unchanged. shares of home builders rallied on news that home construction jumped in october to a four year high. construction of apartment buildings was especially strong up 10%. and it looks like hostess's twinkie is cooked. the snack maker failed to reach mediation session. on monday a bankruptcy judge asked the two sides to meet. no agreement in place the judge will decide today if the maker of ho-ho, ding dongs and wonder bread can shut down their operations. hopefully other companies will swoop in and make those treats. >> it ain't over. you can't hold the twinkie down. >> i'm not sharing. >> ashley morrison here in new york. in sports this morning the lakers get a new coach and get a win
federal reserve chairman ben bernanke is pushing for a compromise on the fiscal cliff. in a speech tuesday he said if president obama and congress can resolve the crisis unemployment would go down and the economy would grow. falling oil prices and an announcement that hewlett packard is taking a $9 billion write down. the dow lost just over seven points while the nasdaq was mostly unchanged. shares of home builders rallied on news that home construction jumped in october to a four year high....
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Nov 20, 2012
11/12
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. >> even if we don't go over the fiscal cliff, we're going into the recession because nothing on the horizon looks good. america needs to get ready for a slow economy to a weak economy. >> for how long will this last. >> at least four years because we're stuck with these anti-business policies. >> you really think we're not getting out of this for four years. >> what's going to happen to get us out of it? >> i don't know. do we become greece after that. >> i don't think we get to greetgreece, but this country we in trouble if we follow the policies obama has in place. >> if they cared about debt reduction, they would be talking about entitlement reform. they won't be talking about bringing $80 billion by taxing
. >> even if we don't go over the fiscal cliff, we're going into the recession because nothing on the horizon looks good. america needs to get ready for a slow economy to a weak economy. >> for how long will this last. >> at least four years because we're stuck with these anti-business policies. >> you really think we're not getting out of this for four years. >> what's going to happen to get us out of it? >> i don't know. do we become greece after that....
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Nov 22, 2012
11/12
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FBC
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even if they resolve the fiscal cliff, higher taxes will mean less spending in the economy and less reasons to invest and hire more people. melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisis. first it was about obamacare, and they were so upset and didn'tt to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. th
even if they resolve the fiscal cliff, higher taxes will mean less spending in the economy and less reasons to invest and hire more people. melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisis. first it was about obamacare, and they were so upset and didn'tt to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them...
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Dec 2, 2012
12/12
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are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union."
are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union."
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Nov 15, 2012
11/12
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if we get that in place, we are removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> professor reich, is that true, if we take that one step, we remove half the entire danger to the u.s. economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if the middle class continues to lose ground, the middle class can't spend. if the middle class can't spend, then we're not going to have more jobs and we're not going to have a better recovery. it's as direct and simple as that. >> excellent. okay. that's a good answer. given the precarious position we're in, history ought to provide s
if we get that in place, we are removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> professor reich, is that true, if we take that one step, we remove half the entire danger to the u.s. economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to...
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Nov 15, 2012
11/12
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cliff the economy is approaching if they don't reach a deal on reducing the deficit. house democratic leader nancy pelosi urged extending middle class tax cut. >> we must not hold middle class tax cuts hostage to wealthiest americans. >> republicans know if they don't the democrats will let the upper income tax cuts expire, which they say will hurt job creation. day after the first news conference in more than half a year and the first after the re-election, newspaper seized on the president's suggestion he might not demand the top income tax rate return to what it was under bill clinton. aides with him for the second tour of damage from hurricane sandy suggested mr. obama's demand is for a sure source of re-knew, leaving negotiators to decide how much the re-knew is. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring. or closing loopholes that have not been identified. >> on this day, house speaker john boehner claimed that gallup survey showed most people support lowering the defi
cliff the economy is approaching if they don't reach a deal on reducing the deficit. house democratic leader nancy pelosi urged extending middle class tax cut. >> we must not hold middle class tax cuts hostage to wealthiest americans. >> republicans know if they don't the democrats will let the upper income tax cuts expire, which they say will hurt job creation. day after the first news conference in more than half a year and the first after the re-election, newspaper seized on the...
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Dec 22, 2012
12/12
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suppose the fiscal cliff gets resolved quickly without wrecking the economy. i think washington is the only thing standing in the way of a worldwide surge in growth and profits. not just in stocks but also in real estate. if you take washington out of the equation -- my job would be so much fun. blackstone should zoom higher. first off, if the fiscal cliff does get resolved people will pull money out of bonds. they should pull them out of bonds any way because deal if small will be inflationary. they're more likely to invest in aggressive alternatives with higher assets under management. for those of that you don't know, the private equity where you buy companies using borrowed money and you fix them up and flip them a few years later by taking them public. over the past two years, blackstone brought eight private companies in its portfolio public and in the next 12 months, they plan on doing another eight. it goes without saying that if we're in a bull market next year, blackstone will be able to realize much higher price which is it brings companies that it
suppose the fiscal cliff gets resolved quickly without wrecking the economy. i think washington is the only thing standing in the way of a worldwide surge in growth and profits. not just in stocks but also in real estate. if you take washington out of the equation -- my job would be so much fun. blackstone should zoom higher. first off, if the fiscal cliff does get resolved people will pull money out of bonds. they should pull them out of bonds any way because deal if small will be...
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Dec 28, 2012
12/12
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if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first step. then speaker boehner and the president come together. they are within $500 billion of step two. $3 trillion debt reduction. all he is there to do is come back and -- $2.5 trillion -- >> next ten years. >> that's where we need them to generate the political will that's right for america's economy. >> i want to ask you about political will. we look at he is mums and it seems there is a lot of republicans that are weary of the -- agreeing to any deal because of a threat of a primary. a lot of the folks in the house chop from conservative districts. barack obama is a bad word. they do
if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first...
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Dec 7, 2012
12/12
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. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's s
. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling,...
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Dec 5, 2012
12/12
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timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and more is on our website newshour.pbs.org. judy? >> woodruff: and that's the "newshour" for tonight. i'm judy woodruff. >> ifill: and i'm gwen ifill. we'll see you online and agai
timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse....
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Dec 27, 2012
12/12
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that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
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up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's iefonomist, and deuche bank senior economist here next. stay with us. with the spark cash card from capital one, olaf gets great rewas for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark rd! [ pop! ] [ garth ] why settleor less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? we don't let frequent heartburn come between us and what we love. so if you're onef them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur lou: you know, it may surprise some that december is historically the strongest month for investors. the s&00 posting gains in december,
up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's iefonomist, and deuche bank senior economist here next. stay with us. with the spark cash card from capital one, olaf gets great rewas for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark rd! [ pop! ] [ garth ] why settleor less? great businesses deserve great rewards!...
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Dec 6, 2012
12/12
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whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the january 1st deadline is going to mean that much. we would only worry about the worst-case scenario with the economy contracting if there is a real stalemate and both parties walk away from the talks. we don't expect that. we're beginning to see some signs there is some willingness to compromise on both parties. >> susie: as we said from the start, you're pretty positive on the outlook. gary thayer of wells fargo advisor. >> susie: los angeles and long beach port workers were back at work today, ending a costly eight-day strike. the ports were crippled after cleric
whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the...
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Dec 9, 2012
12/12
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goes over the fiscal cliff? >> markets i think would react very quickly. four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the bea
goes over the fiscal cliff? >> markets i think would react very quickly. four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the...